Mining Lab · Miners · Israel
Household electricity in Israel costs 15.7 cents per kilowatt-hour. That is rank 32 of 69 in Europe. What it means for a mining machine is below.
At 15.7 cents, 1 of the 126 machines pay off, and only the most efficient ones. The margin is thin: if network difficulty rises or the price falls, it tips. The business tariff of 14.2 cents looks different: there, 3 machines pay off.
| Model | TH/s | J/TH | Net/day | Break-even |
|---|---|---|---|---|
| Antminer S23 XP Hyd | 600 | 8.9 | +0.24 € | 15.9 ct |
| Bitaxe Gamma 602 | 1.3 | 11.5 | -0.01 € | 12.3 ct |
| Bitaxe Gamma 601 | 1.2 | 15.0 | -0.03 € | 9.4 ct |
| Nerdaxe Gamma 601 | 1.2 | 15.0 | -0.03 € | 9.4 ct |
| Nerdaxe Ultra | 0.5 | 26.0 | -0.03 € | 5.4 ct |
| BTC Solo Lite 1.2T | 1.2 | 19.2 | -0.05 € | 7.4 ct |
| Bitaxe GT 800 | 2.4 | 14.6 | -0.05 € | 9.7 ct |
| Thor X1 | 2.1 | 21.9 | -0.10 € | 6.5 ct |
This figure is the pure electricity input needed to earn one whole bitcoin through the network, calculated with the most efficient machine in the comparison and the tariff above. Hardware, cooling, staff and downtime are not in it. If it sits above the bitcoin price, mining costs more than the result is worth.
Within Europe more than forty cents separate the cheapest household tariff from the dearest. That decides profit and loss far more sharply than any choice of machine. The neighbours by price:
| Electricity price | Household tariff | Business tariff | Rank in Europe |
|---|---|---|---|
| Iceland | 14.6 ct | 8.2 ct | 29 |
| Peru | 14.8 ct | 13.4 ct | 30 |
| South Africa | 15.2 ct | 13.7 ct | 31 |
| Israel | 15.7 ct | 14.2 ct | 32 |
| United States | 16.8 ct | 12.9 ct | 33 |
| Brazil | 16.9 ct | 14.3 ct | 34 |
| Kenya | 17.1 ct | 16.2 ct | 35 |
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